₦airaland Forum

President Bola Tinubu has asked the senate to confirm five people as directors of the board of the Central Bank of Nigeria (CBN).

Tinubu’s request was contained in a letter read by Senate President Godswill Akpabio on the floor of the upper legislative chamber on Tuesday.

The president premised his request on sections 6(1a) and 10(1)(2) of the CBN establishment act.

“In compliance with the provision of sections 6(1a) and 10(1)(2) of the Central Bank of Nigeria (CBN) establishment act 2007, I am pleased to present for confirmation by the senate the appointments of the underlisted five persons as directors of the board of the CBN,” he said.

The directors of the board are; Robert O. Agbide, Ado Yakubu Wanga, Murtala Sagaley, Urom Eke, and Olayinka Aliyu.

peekspot:
https://www.thecable.ng/tinubu-seeks-senates-confirmation-for-five-board-directors-of-cbn/amp

yang:
To confirm 5 new failures

Dollar is headed for 7k naira per dollar

Again it's simple mathematics

The CBN doesn't produce Dollar and cannot target the supply of dollars, they should be reducing the supply of naira

To get the exchange rate correct they need to do two things

1) mop up naira liquidity,the 28% inflation rate is a pointer to what interest rate, CRR rate and what the FG bonds should be trading at. FGN is still issuing bonds at 7% while running at 28% inflation, an insult to peoples intelligence and a disgrace to send emails with such a fraud

2) stop printing naira under any guise, ways and means etc

This indirectly implies reducing FGN expenditure by over 80%

Stop impoverishing people

APC is an evil party and Thiefinibiu is a big thief ekperima

yang:
To confirm 5 new failures

Dollar is headed for 7k naira per dollar

Again it's simple mathematics

The CBN doesn't produce Dollar and cannot target the supply of dollars, they should be reducing the supply of naira

To get the exchange rate correct they need to do two things

1) mop up naira liquidity,the 28% inflation rate is a pointer to what interest rate, CRR rate and what the FG bonds should be trading at. FGN is still issuing bonds at 7% while running at 28% inflation, an insult to peoples intelligence and a disgrace to send emails with such a fraud

2) stop printing naira under any guise, ways and means etc

This indirectly implies reducing FGN expenditure by over 80%

Stop impoverishing people

APC is an evil party and Thiefinibiu is a big thief ekperima

peekspot:
https://www.thecable.ng/tinubu-seeks-senates-confirmation-for-five-board-directors-of-cbn/amp